Thursday, September 18, 2008
Our Economy
What is going on in America these days? Is our financial system breaking down? The answer, in my opinon, is NO. We have some serious problems and the wall street firms and have been playing some risky games, but... The banks are still solid and most of them have plenty of CASH. That is a good thing. Just cause we have some "stupid" firms out there doesn't mean we're in big trouble as a whole. The worst thing people could do is panic and start doing crazy things....like taking thier money out of banks and stuffing it in the mattress. Bad idea, and it would only make everything worse. Bad reactions and the epitomy of financial crisis. People just need to ride out this storm and wait until we get our new President! We'll get back on track once again...
Subscribe to:
Post Comments (Atom)
1 comment:
Things have been done correctly by President Obama so far. The confidence level is better in the US, but we're still not out of the woods. It will be up to the American people to be strong and supportive and continue to live and ride this out. Let the cards fall as they may. Some banks may fail and we'll have more foreclosures. But...in the long run, we'll be better off with this financial lesson
Post a Comment